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2008-06-17 08:00:00 CEST 2008-06-17 08:00:00 CEST REGULATED INFORMATION Pohjola Pankki Oyj - Company AnnouncementNotification to Pohjola Bank plc's shareholders about merger of subsidiaryPohjola Bank plc Company Release 17 June 2008 at 9.00 am Finnish time (GMT+3) Release category: Stock Exchange Release Notification to Pohjola Bank plc's shareholders about merger of subsidiary Pohjola Bank plc (business ID 0199920-7) and its wholly owned subsidiary Pohjola Finance Oy (business ID 0115483-7, formerly K-Finance Ltd) signed on 18 March 2008 a plan for Pohjola Finance Oy to merge with the parent company Pohjola Bank plc. The merger plan was entered in the Trade Register on 24 April 2008. Under the merger plan, Pohjola Finance Oy's assets and liabilities will be transferred without liquidation to Pohjola Bank plc, the parent company. No consideration will be paid for the merger, because the parent company owns all the shares of the company to be merged. Pohjola Bank plc's Articles of Association will not be affected. This merger is aimed at simplifying the Group's corporate structure, streamlining operations and reducing administrative costs. The implementation of the merger is planned to take place on the registration date on 30 September 2008. The merger plan with attachments and the documents referred to in Chapter 16, Section 11 of the Limited Liability Companies Act (624/2006) will be kept available as of today at Pohjola Bank plc's Legal Affairs unit at Teollisuuskatu 1 b, Helsinki. Copies of the documents will be sent upon request to shareholders: contact Heidi Kivenjuuri either by phone at +358 (0)10 252 2357 or email her at heidi.kivenjuuri@ pohjola.fi. If Pohjola Bank plc's shareholders with a total of at least five (5) per cent of the shares demand in writing within a month of this notification that the merger should be decided by a general meeting, an extraordinary meeting will be summoned as required by the Limited Liability Companies Act and the Articles of Association. Such a demand must be delivered in writing to Pohjola Bank plc addressed as follows: Pohjola Bank plc, Board of Directors, Senior Vice President Markku Koponen, P. O. Box 308, FI-00013 Pohjola. Helsinki, 17 June 2008 Pohjola Bank plc Board of Directors Signed for by Mikael Silvennoinen President and CEO FOR ADDITIONAL INFORMATION, CONTACT: Senior Vice President Markku Koponen (Communications), tel. +358 (0)10 252 2648 JAKELU OMX Nordic Exchange Helsinki London Stock Exchange SWX Swiss Exchange Major media www.pohjola.fi |
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